💨 Abstract

Reliance Power, an Anil Ambani-led electric utility company based in Navi Mumbai, India, announced it will consider multiple funding options, including stake sales to institutional investors, to expand its business. This follows a recent decision to raise 15.25 billion rupees through a preferential allotment. The company aims to use these funds for its expansion into the renewable energy sector and has previously stated its need for capital for this purpose.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖